Key stats
About First Trust Long/Short Equity
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Inception date
Sep 9, 2014
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
FTLS is actively-managed to invest in 90-100% long equity positions, partially offset by 0-50% short positions. It may also include investments in ETFs. The fund will avoid leverage from short sale proceeds and can take defensive cash positions. The funds active managers an internal team from First Trust, have broad discretion in long/short allocation and stock selection. The selection process will include fundamental, market-related, technical and statistical attributes to screen eligible securities. The funds active managers will use an earnings quality model ranking with long high quality, short low quality, as a primary signal but will also aim to balance factor exposure and market risk for the overall portfolio.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Cash
Stocks106.28%
Electronic Technology18.60%
Technology Services13.66%
Finance9.27%
Health Technology8.86%
Retail Trade5.88%
Commercial Services4.49%
Producer Manufacturing2.97%
Energy Minerals2.19%
Health Services1.83%
Consumer Durables1.82%
Consumer Non-Durables1.81%
Distribution Services1.56%
Industrial Services1.49%
Process Industries1.14%
Non-Energy Minerals0.91%
Consumer Services0.62%
Communications0.07%
Transportation0.07%
Bonds, Cash & Other−6.28%
Cash31.33%
Miscellaneous−37.61%
Top 10 holdings
Dividends
Dividend payout history